I’m not sure why so many people are excited about this contest since there is virtually no way that anyone will win the top prize. I was going to sign up, but then when I saw the process and all the information I hade to give them, I decided not to. Just wasn’t worth the time, effort and information they wanted in my opinion. Those putting on the contest are by far the biggest winners.

I have great respect for Warren Buffett and his investment philosophy. This offer and strategy puzzles me however. I am a March Maddness fan but I would much rather see Warren offer a Billion Dollars to anyone who invents a cure for cancer.

Official rules show that the $100,000 prize will be awarded as a check. Not the toward a current mortgage or future home purchase.
First Prize: The twenty (20) First Prize Winners will each receive one hundred thousand dollars ($100,000) (“First Prize”). The First Prize will be delivered to the First Prize Winners in the form of a check.
Source: https://www.quickenloansbracket.com/rules/rules.html